For that indicator, The World Bank provides data for Singapore from 1960 to 2018. The average value for Singapore during that period was 7.11 percent with a minumum of -20.37 percent in 1971 and a maximum of 31.27 percent in 2007.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The trade balance for Singapore and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).